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Dec 23, 2012
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we're going to spend new year's eve here i believe. >> thanks for the cheery note. thank you. good to see you. president obama is calling on the holiday spirit to avoid the fiscal cliff. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols. >> but it may take more than divine inspiration. if so, this board gives me rates for . ere companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. we've decided to we're all having such a great year in the gulf, put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a gr
we're going to spend new year's eve here i believe. >> thanks for the cheery note. thank you. good to see you. president obama is calling on the holiday spirit to avoid the fiscal cliff. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols. >> but it may take more than divine inspiration. if so, this board gives me rates for . ere companies? yes. but you're progressive, and they're them. yes. but they're here. yes....
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Dec 23, 2012
12/12
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revenue. 8 days of federal spending. less than 1% of the $16 trillion debt. >> do you know how much debt america is in right now 12346789. >> $14 billion or something like that. >> do you know what the national debt is right now? >> no idea. >> i'm going to say 30 something trillion. >> 16 trillion. you just doubled it. >> the fiscal cliff is definitely around the corner. and here to try to break it down so everyone understands it is fox news contributor steven crowder who joins us from dallas, texas. hello, steven. >> hello judge or as we say in french "judge jeanine." i don't know if that is french. >> judge jeanine: i don't know either. >> actually no, i am french canadian. >> judge jeanine: can you you tell us what this fiscal cliff is? >> well, listen, i don't know about the package you just ran. i did go out and interview people on the street for the fiscal cliff. i apparently had it wrong. i thought we had a spending problem in this country. apparently that is not the case. apparently we can just tax people more.
revenue. 8 days of federal spending. less than 1% of the $16 trillion debt. >> do you know how much debt america is in right now 12346789. >> $14 billion or something like that. >> do you know what the national debt is right now? >> no idea. >> i'm going to say 30 something trillion. >> 16 trillion. you just doubled it. >> the fiscal cliff is definitely around the corner. and here to try to break it down so everyone understands it is fox news...
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Dec 23, 2012
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republicans say president obama wants too much revenue. that's taxes in normal speak and not enough cuts. >> at some point we're going to have to address the spending problem that we have. we can't cut our way to prosperity. we need economic growth. many believe the fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work. and more americans on the tax rolls. how we get there, god only knows. >> president obama doesn't see it that way. >> at some point there's got to be i think a recognition on the part of my republican friends, that you know, take the deal. you know, they will be able to claim that they have worked with me over the last two years. to reduce the deficit more than any other deficit reduction package. >> mohammed aladarin is the ceo of pimco and mark zandy is a chief moist at moody's analytics and joining me in studio is christine romans. the gdp for the u.s. grew at 3.1% over the summer. that's more than double the rate of the previous quarter. you can see the chart,
republicans say president obama wants too much revenue. that's taxes in normal speak and not enough cuts. >> at some point we're going to have to address the spending problem that we have. we can't cut our way to prosperity. we need economic growth. many believe the fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work. and more americans on the tax rolls. how we get there, god only knows. >> president obama doesn't see it...
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Dec 23, 2012
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due to the spending, we are way far out of balance. fraud will not do it. that will not be enough. what the underlying bill does to eliminate the defense sequester cuts president obama has called dangerous, it says, the only people who should get food stamps are people who qualify for food stamps. that is right. the underlying bill says the only folks who should get food stamps are those who qualify. it turns out, like every federal program, there is fraud. some folks are receiving taxpayer-sponsored benefits today who have not earned them, who do not find themselves entitled to them by virtue of their circumstances. because this bill aims to eliminate the fraud, folks come to the floor and say, why are republicans throwing hungry people out during christmas. it is outrageous. we cannot have a conversation about serious things in a serious time. the outrageous pointed to last night, what happened last night is exactly what i would hope would happen in a conversation like this. almost to a person, every democratic member in that rules committee said, all we have in front of us is a
due to the spending, we are way far out of balance. fraud will not do it. that will not be enough. what the underlying bill does to eliminate the defense sequester cuts president obama has called dangerous, it says, the only people who should get food stamps are people who qualify for food stamps. that is right. the underlying bill says the only folks who should get food stamps are those who qualify. it turns out, like every federal program, there is fraud. some folks are receiving...
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Dec 23, 2012
12/12
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we're going to spend new year's eve here i believe. >> thanks for the cheery note. thank you. good to see you. president obama is calling on the holiday spirit to avoid the fiscal cliff. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols. >> but it may take more than divine inspiration. [ woman ] dear cat, your hair mixes with pollen and dust. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. >>> six weeks after his unanimous re-election as speaker, john boehner faced a mini mutiny in his own congress. they said they would oppose his backup plan to keep tax cuts in place. anyone making more would see a tax hike. the speaker saw the setback as a se mantic problem. >> listen, there was a perception created that that vote last night was going to increase taxes. now, i disagree with that characterization of the
we're going to spend new year's eve here i believe. >> thanks for the cheery note. thank you. good to see you. president obama is calling on the holiday spirit to avoid the fiscal cliff. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols. >> but it may take more than divine inspiration. [ woman ] dear cat, your hair mixes with pollen and dust. i get congested. but now, with zyrtec-d®, i have the proven allergy...
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Dec 23, 2012
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we needed to pass that because we need leverage on president obama because president obama is not offering a balanced approach. he is talking about cutting spending but not talking about preserving medicare and social security which is 6 6 to 62 tof the federal budget. they need to use the debt ceiling limit to preserve medicare and social security. i think we will eventually reach an agreement here. >> but doug, i don't believe -- i don't think that is entirely fair. the president put on the table things that many people in his party don't like. he put on the cpi on social security and agreed to some where around $400 billion in medicare cuts. he but entitlements on o the table in big, big numbers. john boehner was the guy who said a week ago we got to have a trillion in revenues and a trillion in cuts. that was the basic frame work for the deal. so then the decision in terms of where the tax rates would go up, whether it was 250 a year or 500 a year or what that thresh hold was, that was within the realm of achievement and the art of the possible. so we had the framework for the deal unt
we needed to pass that because we need leverage on president obama because president obama is not offering a balanced approach. he is talking about cutting spending but not talking about preserving medicare and social security which is 6 6 to 62 tof the federal budget. they need to use the debt ceiling limit to preserve medicare and social security. i think we will eventually reach an agreement here. >> but doug, i don't believe -- i don't think that is entirely fair. the president put on...
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Dec 23, 2012
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is all about raising taxes and not about cutting spending. do you think that is true? do you think the president has brought up troupe spending cuts? >> i think the president has been absolutely willing to compromise. remember how this started. the president came forward and said $250,000 and below we would keep the tax cuts in place. he then compromised and went up to $400,000. he also put something on the table that gave a lot of people angst and that was the change around social security. so i think the president has been more than willing to compromise and you also have to keep in mind that last year wedid over a trillion dollars in cuts. i think where the compromise has to be is that speaker boehner has got to get off the notion that all republicans have to vote the same way. if he was willing to bring forward 40 or 50 members of his caucus and go with the deal pass td out of the seniate believe you could get the majority of democrats to go forward, as well. we really have to end the notion that every republican has to be on the same pag
is all about raising taxes and not about cutting spending. do you think that is true? do you think the president has brought up troupe spending cuts? >> i think the president has been absolutely willing to compromise. remember how this started. the president came forward and said $250,000 and below we would keep the tax cuts in place. he then compromised and went up to $400,000. he also put something on the table that gave a lot of people angst and that was the change around social...
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Dec 23, 2012
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their goal is to make president obama a failure, the matter what it does to this country, thank you. host: would wrestle them up. lots of different points of view. joshua gordon. caller:guest: the main issue isn you look at how spending programs are growing more quickly than the economy. we need to look at how we are going to pay for that. if we are not going to pay for it, with a major reform. this fiscal cliff thing is a short-term issue. we are trying to recover from this financial crisis. the economy is slowly doing better but still has not come back to pre-crisis levels. do we want a fiscal policy that can do two things? repel the recovery forward and deal with the long-term budget situation? everyone agrees that is the preferable way to do it. over the short term, uses -- postponed any fiscal cliff austerity solots of different ps that recovery can take hold, and over the long term, but to balance the revenue and spending of the federal budget. if we were able to do both things -- and if we had a rational policy making gains in congress, that is what we would do -- then we woul
their goal is to make president obama a failure, the matter what it does to this country, thank you. host: would wrestle them up. lots of different points of view. joshua gordon. caller:guest: the main issue isn you look at how spending programs are growing more quickly than the economy. we need to look at how we are going to pay for that. if we are not going to pay for it, with a major reform. this fiscal cliff thing is a short-term issue. we are trying to recover from this financial crisis....
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Dec 23, 2012
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from what we can tell, it looked as though speaker boehner and president obama were getting towards a formula of spending cuts and entitlement reform in exchange for tax increases in terms of rates going up on some level of higher income earners, and there's evidence that the president was willing to move from his $250,000 position to somewhere up around $400,000. of course the speaker was always looking to cap it at a million. but clearly they didn't feel they were getting somewhere, which is why the speaker was then running his plan b, which ultimately failed. look, i think that there is a deal that could get enough republican votes in a majority of republican votes in the house to raise income tax rates on higher earners. but in order to get republicans to take that risk and politically for them it is a huge risk, especially for house members, you need to see enough locked in, guaranteed spending cuts and entitlement reform to make it worth their while and to make it worth their risk if you look at this from their point of view. and if and until they see that, you're not going to s
from what we can tell, it looked as though speaker boehner and president obama were getting towards a formula of spending cuts and entitlement reform in exchange for tax increases in terms of rates going up on some level of higher income earners, and there's evidence that the president was willing to move from his $250,000 position to somewhere up around $400,000. of course the speaker was always looking to cap it at a million. but clearly they didn't feel they were getting somewhere, which is...
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Dec 23, 2012
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just the opposite of president barack obama. >> why isn't president obama following that model? that model clearly had good results. why not do those things to capital gains taxes, et cetera? >> you've gone beyond my pay grade. every time you have the tax rate reductions, especially in the highest income groups, you have expansion like under kennedy, aig, bill clinton, hardy and coolidge. when you raise tax on the rich, you don't get your money and you cause recession or decline. it's common sense. you've never heard of anyone taxing an economy into prosperity. >> i go to you for the expertise but you make a compelling case. art laffer, former advisor -- >> by the way, alisyn. i saw the "fox & friends" team, sunday before christmas, drinking on the job. >> we were sniffing. >> okay. is that what you -- sniffing on the job. >> not drinking. >> thank you very much. >>> up next, a performance from country star billy dean. >>> ♪ you're listening to grammy winning country star billy dean singing a holiday favorite. he's performing alongside kenny rogers as part of his christmas tou
just the opposite of president barack obama. >> why isn't president obama following that model? that model clearly had good results. why not do those things to capital gains taxes, et cetera? >> you've gone beyond my pay grade. every time you have the tax rate reductions, especially in the highest income groups, you have expansion like under kennedy, aig, bill clinton, hardy and coolidge. when you raise tax on the rich, you don't get your money and you cause recession or decline....